More ominous still are the predictions that we will never shop the same way again. For Jamie Salter and David Simon, however, it has been a time of great opportunity. Mr. Simon is the chief executive of the Simon Property Group, the largest mall operator in the United States with more than 100 properties. Last week, they closed a deal to buy the bankrupt Brooks Brothers, the 202-year-old American fashion brand and retailer, for $325 million. Last month, they acquired Lucky Brand denim, and in February, they bought Forever 21.

Source: New York Times September 08, 2020 06:56 UTC